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River City EDC directs staff to draft medium-business and developer incentive guidelines
Summary
The EDC authorized staff to develop draft grant guidelines for medium‑sized businesses and a separate developer incentive program; the board requested more detail on eligibility, metrics and legal review before final approval.
River City’s economic development board authorized staff Wednesday to develop formal draft guidelines for a new Medium Business Growth Grant and a developer incentive program that would target larger private investments and redevelopment projects.
The board agreed the medium-business program should differ from the Small Business Boost Grant by focusing on businesses with annual revenues between $150,001 and $500,000 and on needs such as equipment upgrades, facility improvements, marketing, technology, and staff training. Staff presented a proposed…
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